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BUSINESS & FINANCE

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Some big U.S. firms are shifting cash that could be used for development or expansion into pension funds, as low interest rates designed to spur the economy push up pension liabilities at Ford, Verizon, AT&T, Boeing and others.

Talks for a potential buyout of computer maker Dell continued as people involved in the negotiations aimed to finalize a deal within days.

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Barclays's finance chief and general counsel are stepping down, as the bank sweeps out some of the last vestiges of its prior management team.

WORLD-WIDE

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Reid said a sequester deal must include more revenue. The Senate Democratic leader said tax loopholes should be closed to avert at least some of the mandatory spending cuts set to hit March 1. Obama also said that cutting the deficit will require raising revenue, trimming spending and reforming health-care programs, as well as eliminating loopholes. Panetta said Congress would be committing "a shameful and irresponsible act" if it allows defense cuts.

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Senate Democrats expect to introduce a gun bill that includes most of Obama's proposals, with the exception of an assault-weapon ban.